Listing ID: 80687
Gross Profits $600K Asking Price $250,000
This business is in the bakery industry primarily engaged in retailing baked goods from shopping online, phone & on-site ordering, consulting & catering events, and wholesale & corporate activities.
-Outside dine-in area with parking stalls
-High-end corporate accounts
-Over 10k+ followers combined through social media
-Experienced core team
This business is suitable for passionate pâtissier or pastry chefs with some background education or credentials in baking /pastry fundamentals and techniques, and looking to expand, grow, and nurture business relationships.
Asking Price: $250,000
- Asking Price: $250,000
- Cash Flow: N/A
- Gross Revenue: $800,000
- EBITDA: N/A
- FF&E: $90,400
- Inventory: N/A
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
Owner is retiring.
The company was started in 2008, making the business 14 years old.
The company has 12 employees and resides in a building with estimated square footage of N/A sq ft.
The building is leased by the company for $4,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell companies. However, the true factor and the one they tell you may be 2 totally different things. As an example, they may say "I have way too many other commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these may just be reasons to try to conceal the reality of transforming demographics, increased competitors, current reduction in incomes, or a variety of various other reasons. This is why it is very important that you not rely entirely on a vendor's word, but instead, utilize the seller's solution in conjunction with your general due diligence. This will paint a much more sensible picture of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that earnings margins are too tight. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that need to be satisfied or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract brand-new clients? Many times, companies have repeat customers, which create the core of their everyday profits. Certain aspects such as brand-new competition sprouting up around the location, road construction, and also employee turnover can impact repeat clients as well as negatively impact future profits. One crucial thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the greater the chance to develop a returning customer base. A last thought is the general location demographics. Is the business located in a largely populated city, or is it located on the edge of town? How might the regional mean household income effect future earnings potential?